Celsius: Eligible users can withdraw approximately 94% of the custodial assets, while the remaining 6% will be determined by the court

2023-02-01 12:18:50
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ChainCatcher news, the encrypted lending platform Celsius tweeted that Celsius has provided an update regarding the upcoming withdrawal process for certain assets in some custodial accounts. Eligible custodial users will be able to withdraw approximately 94% of their eligible custodial assets. Whether eligible users can withdraw the remaining 6% will be determined by the court later.

Additionally, eligible users will receive specific information related to GAS and transaction fees associated with the withdrawal activity. Qualified users who do not have sufficient assets in their accounts to cover these fees will not be allowed to withdraw their assets. Eligible users are expected to receive an email and communication from the Celsius app on February 15, informing them of their eligibility. (source link)

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